Geopolitics Alpha

Asian gasoline margin plummets to over six-month lows

Published . Updated .

GEOPOLITICS ALPHAAsian gasoline margin plummets toover six-month lowsGEOPOLITICS ALPHA

This report is about oil and tanker shipping.

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+9.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “gasoline” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “gasoline” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF+25.1% 18d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “gasoline” (tanker shipping) in this story.

  • AAXJ iShares MSCI All Country Asia ex Japan ETF-9.0% 17d

    iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).

  • FRO Frontline+10.0% 30d

    Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “gasoline” (tanker shipping) in this story.

  • DHT DHT Holdings

    DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “gasoline” (tanker shipping) in this story.

  • XOM ExxonMobil Holdings+10.9% 15d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “gasoline” (oil) in this story.

  • INSW International Seaways+3.4% 10d

    International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “gasoline” (tanker shipping) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USONo price data for this ticker———————
XLENo price data for this ticker———————
BWETNo price data for this ticker———————
AAXJNo price data for this ticker———————
FRONo price data for this ticker———————
DHTNo price data for this ticker———————
XOMNo price data for this ticker———————
INSWNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Asian gasoline margin plummets to over six-month lows Reuters

Source: Reuters

This story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Asian gasoline margin plummets to over six-month lows” looks

12 out of 100

“Asian gasoline margin plummets to over six-month lows” scores 12 out of 100. The score uses 1 sources.